Arkema Completes Acquisition of Den Braven

Arkema (Paris:AKE) completed the acquisition of Den Braven, a leader
in high performance sealants for insulation and construction in Europe,
on 1st December. With this strong
value-creating acquisition, Arkema confirms its long-term ambition for
Bostik, and actively pursues the development of its High Performance
Materials division.

Den Braven offers an extensive range of sealing, bonding and foam
solutions for construction professionals as well as industry. The
company achieves annual sales of some €350 million (2016 estimate), and
employs around 1,000 people. With this acquisition, Bostik significantly
reinforces its offering in the insulation and construction markets,
while creating a global market leader in high performance sealants
thanks to the excellent geographic, technological and commercial fit
between the two groups.

“We are pleased to welcome the Den Braven teams. Their
state-of-the-art technologies, first-class industrial facilities and
know-how widely recognized by their customers are all assets that we
will continue to develop and build upon within Bostik. We are confident
that this new growth platform will support our very strong ambition in
adhesives“, stated Vincent Legros, Executive Vice President, Bostik.

This acquisition fully illustrates Arkema’s strategy to further
strengthen the Group’s profile as well as reduce its capital intensity.

The integration of Den Braven offers significant synergies assessed in
total at €30 million at least, and should be accretive to earnings per
share and cash as from 2017. It represents a new milestone in the
achievement of Bostik’s long-term ambition.

A designer of materials and innovative solutions, Arkema shapes
materials and creates new uses that accelerate customer performance. Our
balanced business portfolio spans high-performance materials, industrial
specialties and coating solutions. Our globally recognized brands are
ranked among the leaders in the markets we serve. Reporting annual sales
of €7.7 billion in 2015, we employ approximately 19,000 people worldwide
and operate in close to 50 countries. We are committed to active
engagement with all our stakeholders. Our research centers in North
America, France and Asia concentrate on advances in bio-based products,
new energies, water management, electronic solutions, lightweight
materials and design, home efficiency and insulation. For the latest,
visit www.arkema.com